Orange Orb Seen in Paradise Beach

Report:
At approximately 10.00 pm I saw an orange orb flying across the sea from East to West, offshore from Paradise Beach. When looking at it through my binoculars, the orb was pulsating orange / yellow. I could not see the object itself as it was covered by this orange/ yellow light. After about a minute it turned South and accelerated away from me, growing smaller and disappearing within a few seconds. This was also seen by my wife and a visiting friend. I am no longer a sceptic.